..

Big Week Ahead for Online Gambling Backers in New Jersey

Written by:
C Costigan
Published on:
Feb/27/2011
New Jersey Online Gambling

March 4 is the deadline for when New Jersey Governor Chris Christie can either veto or sign a measure into law that would legalize online gambling in the state.

While reports last week suggested that Christie had been leaning towards pulling out his veto pen, each passing day brings new hope.  Should Christie do nothing, the bill will automatically become law.

$25 billion is bet each year over the Web, none of it going to the US state or federal coffers even though $6 billion of that total is attributed to US residents who wager with companies based mostly in Costa Rica and Antigua.  That could change if New Jersey becomes the first state to legalize the activity.  $28 million could be collected by the state, a small percentage of the industry total cited but a significant boost to the state’s struggling economy.  Fact finding missions have taken place in locales like Costa Rica and Panama, which last week hosted a conference for industry professionals. 

The opposition is mostly coming from Caesar’s Entertainment, the parent company of the World Series of Poker, according to Fox News. 

Jan Jones Blackhurst, Caeser's senior vice president of corporate communications and government relations told Fox News:  "Even if all the states move to pass laws, you still have not fixed the problem that you have a huge industry operating outside U.S. law with no consumer protections or oversight."

Christie is reported to have strong ties with Caesar’s. 

There is one additional scenario that has not received much coverage.  Christie could move forward with a conditional veto, whereby the Governor objects to parts of the bill and proposes amendments that would make it acceptable.  Assuming the Legislature makes the necessary changes, the bill would go back to Christie’s desk with a stronger likelihood of being signed off on.

Christopher Costigan, Gambling911.com Publisher

Gambling News

Steelers Next QB Odds and Tomlin to Raiders

Steelers Next QB Odds and Tomlin to Raiders

With Ben Roethlisberger expected to retire, it's anybody's guess who will be the next quarterback of the fabled Pittsburgh Steelers franchise.

Kamaru Usman vs. Leon Edwards Odds

Kamaru Usman vs. Leon Edwards Odds

Uncle Dana teased a headliner bout between Kamaru Usman and Leon Edwards last week, and now we finally have odds for the potential fight.

A Pennsylvania Sportsbook Is Arguing my Futures Bet on Djokovic Shouldn't be Refunded

A Pennsylvania Sportsbook Is Arguing my Futures Bet on Djokovic Shouldn't be Refunded

Posting on the SportsBookReview forum, member Thomorino writes that Pennsylvania online sportsbook Unibet refused to refund a futures bet on Novak Djokovic to win the Australian Open.  But there is a happy ending to this story.

Common Problems With Sports Betting Software for Bookies

Common Problems With Sports Betting Software for Bookies

Not all Pay Per Head sports betting software platforms are created equal.  While you have the full service Pay Per Head offerings from our friends at PricePerPlayer, there are the turnkey products that provide some bells and whistles and that's about all.

Updated 2022 NCAA Men's Basketball Championship Odds and Wooden Award

Updated 2022 NCAA Men's Basketball Championship Odds and Wooden Award

A week full of upsets saw the college basketball rankings shift drastically on Monday, but the team we view as the overall best hasn't changed since the beginning of the season.

Syndicate